SHIB’s Recovery Challenged by Hacker Sell-Off, Market Stability Uncertain

Shiba Inu (SHIB) finds its recovery efforts facing a significant hurdle after hackers offloaded 150 billion tokens. This recent sell-off raises concerns about market stability for the popular meme coin as investors brace for potential heavy selling pressure. The sale involved over $25 million in assets, including Ethereum and DAI, with the hackers leaving behind significant holdings of Ether that complicate investigations into their illicit activities. While long-term forecasts suggest a bullish trajectory for SHIB (over 100% upside if market conditions stabilize), this recent event has raised anxieties about the coin’s future performance.